473.157. Bond of personal representative--conditions of bond. - Missouri Statutes

Bond of personal representative--conditions of bond.

473.157. 1. Except as provided in section 473.160, everypersonal representative, before entering upon the duties of hisoffice, shall execute and file a bond, approved by the judge orthe clerk, procured at the expense of the estate, with sufficientsecurity, in an amount fixed by the judge or clerk for theprotection of interested parties.

2. The condition of the bond shall be as follows: "Thecondition of the bond is that if ............ personalrepresentative of the estate of ............, deceased, shallfaithfully administer said estate, account for, pay and deliverall money and property of said estate and perform all otherthings touching said administration required by law, or the orderor decree of any court having jurisdiction, then the above bondto be void; otherwise to remain in full force."

(RSMo 1939 §§ 18, 19, A.L. 1955 p. 385 § 74, A.L. 1980 S.B. 637)

Prior revisions: 1929 §§ 18, 19; 1919 §§ 17, 19; 1909 §§ 25, 26

Effective 1-1-81

(1962) Administrator and attorneys were not entitled to fees where estate was grossly mismanaged, assets permitted to be wasted, proper accounts and records were not kept and acts amounted to breach of trust. In re Alexander's Estate (Mo.), 360 S.W.2d 92.